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Please show how to work the problem step by step with formula. Thank you. Information from Income Statement sales $839,230 Cost of goods sold 400,000
Please show how to work the problem step by step with formula. Thank you.
Information from Income Statement
sales $839,230
Cost of goods sold 400,000
Selling & administrative expenses 80,000
Depreciation expense 170,000
Interest expense 80,000
Applicable income tax rate 27%
Calculate the net income. answer as a whole number.
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